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Chapter 1. Definitions
28-14-1-1. Definitions Applicable to Article - Sec. 1. The definitions in this chapter apply throughout this...
28-14-1-2. "Acting as a Fiduciary" - Sec. 2. "Acting as a fiduciary" means undertaking to act...
28-14-1-3. "Clearing Corporation" - Sec. 3. "Clearing corporation" has the meaning set forth in...
28-14-1-4. "Corporate Fiduciary" - Sec. 4. "Corporate fiduciary" has the meaning set forth in...
28-14-1-5. "Department" - Sec. 5. "Department" refers to the department of financial institutions...
28-14-1-6. "Director" - Sec. 6. "Director" refers to the director of the department...
28-14-1-7. "Person" - Sec. 7. "Person" means an individual, a corporation, a limited...
28-14-1-8. "The Trust Business" - Sec. 8. (a) Engaging in "the trust business" means: (1)...
28-14-1-9. "Subsidiary" - Sec. 9. "Subsidiary" means a foreign or domestic corporation or...
Chapter 2. Application
28-14-2-1. Applicability to Nondepository Trust Company - Sec. 1. A nondepository trust company that was organized under...
28-14-2-2. Powers of Nondepository Trust Company - Sec. 2. A nondepository trust company that is organized under...
Chapter 3. Powers and Duties
28-14-3-1. Scope of Chapter - Sec. 1. Subject to the limitations and restrictions set forth...
28-14-3-2. Corporate Name - Sec. 2. A corporate fiduciary is entitled to perpetual duration...
28-14-3-3. Articles of Incorporation - Sec. 3. The articles of incorporation of a corporate fiduciary...
28-14-3-4. Loans - Sec. 4. (a) A corporate fiduciary may: (1) lend money;...
28-14-3-5. Securities Held by Clearing Corporation - Sec. 5. (a) Notwithstanding any other law, a corporate fiduciary...
28-14-3-6. United States Government Securities - Sec. 6. (a) Notwithstanding any other law, a corporate fiduciary...
28-14-3-7. Benefits; Incentives; Stock Purchase Programs - Sec. 7. (a) A corporate fiduciary may do the following:...
28-14-3-8. Subsidiaries - Sec. 8. (a) A corporate fiduciary may: (1) exercise any...
28-14-3-9. Investment and Reinvestment of Assets - Sec. 9. (a) Notwithstanding any other law, a corporate fiduciary,...
28-14-3-10. Acting as Fiscal or Transfer Agent - Sec. 10. A corporate fiduciary has the power to act...
28-14-3-11. Acting as Insurance Producer for Sale of Annuity Contract or Life Insurance Policy - Sec. 11. (a) Notwithstanding any other provision of this title,...
28-14-3-12. Appointment as Commissioner for Sale of Real Estate; Guardian of Minor or Incapacitated Persons; Trustee, Receiver, Conservator, or Committee of Property or Estate in Insolvency or Bankruptcy Proceedings; Depository of Funds Paid Into Cou... - Sec. 12. A corporate fiduciary may be appointed and act...
28-14-3-13. Appointment as Executor, Testamentary Trustee, or Administrator; Corporate Successor to Will Nominee; Co-Fiduciary With Natural Person; Bond or Security - Sec. 13. (a) A corporate fiduciary may: (1) be appointed;...
28-14-3-14. Appointment Upon Application or Consent of Person Acting or Entitled to Serve as Guardian, Trustee, Executor, or Administrator - Sec. 14. (a) A corporate fiduciary may be appointed and...
28-14-3-15. Trusts - Sec. 15. A corporate fiduciary has the power to: (1)...
28-14-3-16. Power to Act in Fiduciary Capacity; Acting as Commissioner for Sale of Real Estate Without Bond or Security; Administration of Oaths - Sec. 16. (a) Except as otherwise provided in this chapter,...
28-14-3-17. Pledge or Deposit of Assets Prohibited - Sec. 17. A corporate fiduciary shall not pledge or deposit...
28-14-3-18. Receipt of Property Upon Deposit for Safekeeping or in Escrow - Sec. 18. (a) A corporate fiduciary has the power to:...
28-14-3-19. Compensation for Fiduciary Services; Counsel Fees - Sec. 19. (a) A corporate fiduciary has the power to...
28-14-3-20. Compensation or Commission for Loan Negotiation or Trust Execution Not Considered Interest or Usury - Sec. 20. The compensation or commission paid or agreed to...
28-14-3-21. Appointment by Court Having Jurisdiction; Power to Renounce Appointment - Sec. 21. (a) A court or an officer of a...
28-14-3-22. Nonresident Fiduciaries; Establishment of Indiana Office; Rights, Privileges, and Restrictions - Sec. 22. (a) Subject to IC 28-1-22, a corporate fiduciary,...
28-14-3-23. Service as Successor Trustee - Sec. 23. For the purposes of IC 30-4-3-29, a corporate...
28-14-3-24. Credit Union Service Organizations - Sec. 24. Notwithstanding any other law, a credit union or...
28-14-3-25. Powers Relating to Common Trust Funds - Sec. 25. For the purposes of IC 30-1-8, a corporate...
Chapter 4. Real Estate Powers of Corporate Fiduciaries
28-14-4-1. Power to Purchase or Convey Real Estate Necessary for Convenient Transaction of Business - Sec. 1. (a) A corporate fiduciary has the power to...
28-14-4-2. Real Property Held Without Use for One Year - Sec. 2. (a) If real property referred to in section...
28-14-4-3. Real Property Held Without Use for More Than Three Years - Sec. 3. Real property referred to in section 1(b)(3) of...
28-14-4-4. Real Property Held Without Use for More Than Ten Years - Sec. 4. Real property referred to in section 1(b)(3) of...
28-14-4-5. Maximum Limit of Investment in Real Estate and Buildings Necessary for Convenient Transaction of Business - Sec. 5. The sum that a corporate fiduciary invests in...
28-14-4-6. Investment in Stock of Corporation Holding Real Estate and Buildings Used by Corporate Fiduciary - Sec. 6. Investments by a corporate fiduciary under this chapter...
Chapter 5. Investments of Corporate Fiduciaries
28-14-5-1. "Total Equity Capital" - Sec. 1. As used in this chapter, "total equity capital"...
28-14-5-2. Limitations on Dealing in Investment Securities - Sec. 2. Except as otherwise provided in this article, the...
28-14-5-3. Underwriting or Guarantee of Issue of Securities - Sec. 3. A corporate fiduciary may not underwrite or guarantee...
28-14-5-4. Purchase for Own Account and Sale of Investment Securities - Sec. 4. (a) A corporate fiduciary may purchase for its...
28-14-5-5. Purchase for Own Account and Sale of Shares of Investment Companies and Mortgage Backed Securities - Sec. 5. A corporate fiduciary may purchase for its own...
28-14-5-6. Deposit of Funds by Corporate Fiduciaries - Sec. 6. A corporate fiduciary may deposit funds into accounts,...
28-14-5-6.5. Purchase of Speculative Securities or Securities Not Rated by a Generally Recognized Security Rating Service - Sec. 6.5. (a) A corporate fiduciary may not purchase for...
28-14-5-7. Prohibition on Purchases of Stock of Nonsubsidiaries - Sec. 7. Except as otherwise authorized by this title, a...
28-14-5-8. Investment in Casualty Insurance Company - Sec. 8. (a) Notwithstanding any other provision of this article,...
28-14-5-9. "Investment Security" - Sec. 9. The rules or policies adopted by the department...
28-14-5-10. Purchase Records - Sec. 10. A corporate fiduciary that purchases a security for...
Chapter 6. Books and Records of Corporate Fiduciaries
28-14-6-1. Access and Examination by Department - Sec. 1. (a) Books and records of the corporate fiduciary...
28-14-6-2. Separate Bookkeeping for Fiduciary Accounts; Segregation of Securities and Property Held for Fiduciary Accounts - Sec. 2. A corporate fiduciary exercising trust powers or any...
28-14-6-3. Fiduciary Account Information Required; Timely Posting of Activities - Sec. 3. (a) The records of a corporate fiduciary must...
28-14-6-4. Duty to Keep Books of Account and Minutes of Corporate Proceedings - Sec. 4. A corporate fiduciary shall keep correct and complete...
28-14-6-5. Stock Transfer Book; Shareholders List - Sec. 5. A corporate fiduciary shall keep at its principal...
Chapter 7. Requirements and Prohibitions Applying to Corporate Fiduciaries
28-14-7-1. Prohibited Transactions; Investigatory and Enforcement Powers of Department - Sec. 1. (a) A corporate fiduciary is prohibited from entering...
28-14-7-2. Statements of Condition - Sec. 2. (a) The department may in any year require...
28-14-7-3. Violations; Penalties - Sec. 3. (a) A corporate fiduciary that: (1) fails to...
28-14-7-4. Duty to Report Shortages and Irregularities - Sec. 4. A corporate fiduciary is subject to the reporting...
28-14-7-5. Maintenance of Principal Office in County in Which Corporate Fiduciary Conducts Trust Business; Post Office Address of Principal Office - Sec. 5. (a) A corporate fiduciary that engages in the...
28-14-7-6. Administration of Common Trust Funds - Sec. 6. A corporate fiduciary that administers common trust funds...
Chapter 7.5. Conservatorship of Corporate Fiduciaries
28-14-7.5-1. Application of Chapter - Sec. 1. This chapter applies to a corporate fiduciary (as...
28-14-7.5-2. Applications of Definitions - Sec. 2. Except as otherwise provided, the definitions in IC...
28-14-7.5-3. Appointment of Conservator; Bond or Security - Sec. 3. (a) The department may appoint a conservator for...
28-14-7.5-4. Reimbursement of Department; Administrative Expenses; Payment From Assets - Sec. 4. (a) A conservator appointed by the department under...
28-14-7.5-5. Possession of Books, Records, and Assets; Conservation of Assets; Powers and Obligations of Conservator; Rights of Parties - Sec. 5. (a) Under the direction of the department, a...
28-14-7.5-6. Amounts Available to Creditors and Beneficiaries; Assets Received After Placement in Conservatorship - Sec. 6. (a) While a corporate fiduciary is in conservatorship...
28-14-7.5-7. Loans in Aid of Operation or Reorganization; Security - Sec. 7. With the prior approval of the department, a...
28-14-7.5-8. Termination of Conservatorship; Appointment of Receiver; Liquidation - Sec. 8. (a) The department may: (1) terminate a conservatorship...
28-14-7.5-9. Adoption of Rules - Sec. 9. The department may adopt rules under IC 4-22-2...
Chapter 8. Rule Making
28-14-8-1. Rules - Sec. 1. The department may adopt rules under IC 4-22-2...